Homebuyers of Supertech also filed an intervention in the matter through their counsel Piyush Singh over refund in Twin Tower case.
The bench dealt with several relevant provisions of the IBC, including section 5(8) which defines 'financial debt'.
They were accused in a multi-crore scam case linked to a real estate project in Noida.
The searches were conducted at the premises of Abhijata Constructions Company Pvt Ltd and its directors Abhijit Sen and Sujata Sen.
The apex court also directed the state government to grant mining leases in favour of 68 lessees.
An application was filed by the parties bringing on record a settlement dated April 21, 2022, before the NCLAT.
Both Kapoor and Wadhawan are accused in the case. The duo is currently in judicial custody.
DHFL also sanctioned a loan of Rs 600 crore to DoIT Urban Ventures (India) Pvt Ltd.
The further hearing on the matter will take place on 11th May.
Sun Plant Agro was running a collective investment scheme (CIS) without requisite approvals and registration.
This in turn will facilitate a higher credit flow of individual housing loans.
Ananda Divine has not filed any reply or written submissions till now.
A refund to 59 home buyers has still to be made.
The results show increased receipts on both revenue and capital account.
Vani Advertising had submitted that an amount of Rs 40.77 lakh was due on the real estate firm
A money laundering investigation was initiated by the ED based on an FIR lodged at the Rajpur police station.
The timings will be from 10:30 am – 1 pm and 1:30 pm – 4:00 pm for respective bench to hold the court.
This is the second major setback for Noida-based developers in the last one year.
The search action covered more than 45 premises in Delhi and NCR, Chandigarh, Ludhiana, Lucknow and Indore.
Interestingly, this land dispute is not new and in fact dates back to 2016, when it all started.
